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7101 - 7131 W Highway 98 - Beachwalk Center - Beachwalk Centre, Panama City Beach, FL

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7101 - 7131 W Highway 98 - Beachwalk Center - Beachwalk Centre

Panama City Beach, FL 32407-4865


Property Type:Retail Sub Type:- Status:Existing Year Built:1985
Building Size:79,097 SF Land Area:15 AC (653,400 SF)
% Leased:
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Smallest Space:2,400 SF Largest Space:33,387 SF Total Space Avail:35,787 SF Rent/SF/Yr:
$8.00
Anchor Tenants:Dollar General
Features:Center Temp Tenant


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
2,400 SF
$8.00/SF/Yr
Vacant
Negotiable
Retail
 1st
33,387 SF
$8.00/SF/Yr
30 Days
Negotiable
Retail
 
11246439
10207393


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
2,400 SF
$8.00/SF/Yr
Vacant
Negotiable
Retail
1st
33,387 SF
$8.00/SF/Yr
30 Days
Negotiable
Retail
The Beachwalk Shopping Center is a 78,772 SF Neighborhood Center in Panama City Beach, FL. The center is fully leased with the exception of the anchor space and one 2,400 SF space. The previous tenant of the 33,387 SF anchor space has expanded his furniture business and moved next door to the more than 80,000 SF former Wal-Mart. This is a great opportunity to lease retail space in a well established shopping center at a great price.

The Beachwalk Shopping Center is located at the corner of Thomas Drive and US Highway 98 in Panama City Beach. It is located in one of the most heavily populated areas of the beach with some of the highest traffic counts. It is located within close proximity to the Navy Base, area schools and local dining and shopping.


Sale Notes:
Description for 7101 - 7131 W Highway 98, Panama City Beach, FL 32407

Property tours are available by appointment ONLY. Please contact Erin Green to schedule at green@berkeleycap.com or 704-714-2377.

Investment Highlights: ±79,097 SF neighborhood shopping center in Panama City Beach, FL ±100% leased with several tenants operating in center for over 10 years 288-unit multifamily under construction across the street New 10-year anchor signed January 2018 with lease commencing upon business opening New roof installed in 2018 with several years remaining on warranty Development opportunity to build on ±0.84 acre corner outparcel Located within high traffic intersection arteries of Panama City Beach Pkwy (68k VPD), Front Beach Rd (24k VPD), and Thomas Drive (21k VPD)

Investment Overview:
Beachwalk Center (the Property) is a multi-tenant neighborhood shopping center located at 7101-7131 W Hwy 98 and 12 Thomas Drive in Panama City Beach, FL.

The Property is a 79,097 SF building, fully leased and situated on 9.66 acres of land. Beachwalk Center benefits from its positioning at the intersections of the highly-trafficked arteries of US-98/Panama City Beach Pkwy (68k VPD), US-30/Front Beach Rd (24k VPD), and Thomas Drive (21k VPD), which leads to the beach. The Property is also the first major retail site to the west of Hathaway Bridge. Forty-three percent of the Property’s GLA is comprised of tenants who have operated in the center for 10+ years. The quality of the Property’s location is evidenced by the new 288-unit apartment complex under construction across the street, as well as the proposed 65-acre sports park to be located between Breakfast Point and Wildwood Road. The subject offering also includes a ±0.84 acre vacant parcel that can be developed and spun off according to the seller.

Beachwalk Center presents investors with the opportunity to acquire a proven retail site along the growing Panama City Parkway Corridor

Property listed by: OnSite Real Estate Advisors Grey Hanna RE Brkr BK3377789
Auctioneer Licensing Information
Ten-X Joshua Jacob RE Brkr CQ1050204

Berkeley Capital Advisors, LLC
Erin Green
(704) 379-1980

  
Ten-X, LLC
Brian Gonzalez
(949) 859-2777

  
The Chambers Group
Philip Corriher
(704) 752-8350 x102


Nations Real Estate, LLC.
Donald Nations
(850) 785-2233



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